BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

Azerbaijani soldier killed in mine explosion

An Azerbaijani soldier Javad Hojayev was killed in the frontal zone as a result of mine explosion, the Azerbaijani defense ministry said Feb. 26.

Hojayev was called to the active military service of the Oguz district of Azerbaijan.

The investigation is underway.

The conflict between the two South Caucasus countries began in 1988 when Armenia made territorial claims against Azerbaijan. As a result of the ensuing war, in 1992 Armenian armed forces occupied 20 percent of Azerbaijan, including the Nagorno-Karabakh region and seven surrounding districts.

The two countries signed a ceasefire agreement in 1994. The co-chairs of the OSCE Minsk Group, Russia, France and the US are currently holding peace negotiations. Armenia has not yet implemented four UN Security Council resolutions on the liberation of the Nagorno-Karabakh and the surrounding regions.